Sec. 3.09a.
Education Loan Corporation.
"Education loan corporation"
means a not for profit corporation organized under the laws of this State
which is not owned or controlled by the State or any political subdivision,
agency, instrumentality, district or municipality thereof, which is
organized for the purpose of, or is otherwise authorized to, receive
Authority loans from the Authority and conduct an education loan financing
program in accordance with the provisions of this Act.